Washington Babylon — May 15, 2007, 6:55 pm

Donor Scorecard: Tom Loeffler

Senator John McCain raised a paltry, humiliating $13 million during the first quarter of this year—placing him far behind Mitt Romney and Rudy Giuliani in the race to buy the presidency. So what’s a campaign-finance-reformer to do? Flip-flop. McCain is now counting on intensified support from big contributors to George W. Bush’s two presidential campaigns, many of whom he railed against during his heady period as a campaign finance reformer in years gone by.

Sixty former Bush Rangers or Pioneers raised money for McCain during the first quarter (versus about thirty each for Romney and Giuliani), and last month he appointed one of them, Tom Loeffler, to take over his fundraising operation.

Loeffler is a former member of Congress from Texas who retired in 1986. According to a 1984 study by Public Citizen, he compiled the worst record of any member on consumer issues, and also made news as the top recipient of illegal contributions from Vernon Savings & Loan, which went belly-up at a cost to taxpayers of $1.3 billion. But Loeffler’s finest moment during his years on the Hill came during a mid-1980s trip to San Francisco, when he reportedly called the front desk at his hotel and asked to have extra shower caps brought up to wear on his feet, in order to protect against the AIDS virus.

After retiring, Loeffler became a lobbyist and soon was embroiled in several scandals that marked Bush’s Texas gubernatorial tenure. One came after Bush appointed him to the University of Texas System Board of Regents, where he give the startup firm Introgen Therapeutics the exclusive right to license a gene cancer therapy that had been developed at the university. Several years later, the drug firm named Loeffler to its board and gave him 10,000 shares of stock. Introgen is a current lobbying client for The Loeffler Group, as is Toyota, Qualcomm, the Pharmaceutical Research and Manufacturers of America, and Saudi Arabia. Overall, the firm took in $4.6 million in lobbying fees last year.

Loeffler should be of great help to McCain in drumming up campaign money. He’s previously held top fundraising posts for presidential campaigns mounted by former Texas senator Phil Gramm and Bob Dole, and in 2004 was co-chairman of the Republican National Committee’s Team 100 as well as a Bush Super-Ranger, a title given to those who raised more than $300,000.

A recent Houston Chronicle story says Loeffler has decided to use the Bush money model for McCain, “setting dollar targets for the bundlers and creating a McCain 100 and McCain 200 team for those who raised $100,000 and $200,00, respectively.” Other big Bush donors now in McCain’s camp include James B. Lee, Jr., vice chairman of JP Morgan Chase; Donald Bren, chairman of the board of directors of The Irvine Company and the 104th richest person in the world according to Forbes; and A. Jerrold Perenchio, the controlling shareholder of Univision Communications. The latter is a major donor to tax-exempt 527 groups that flourish because they exploit loopholes in the McCain-Feingold campaign finance reform bill. In 2005,
according to the Washington Post, McCain “went to court to try to curtail the influence of a group to which [Perenchio] gave $9 million, saying it was trying to ‘evade and violate’ new campaign laws with voter ads ahead of the midterm elections.”

Things change. “Over the years, I have become close friends with each of these distinguished men,” McCain said last December when announcing that Loeffler, Lee, and so on would become major fundraisers for his campaign. “I am honored to have their support as we move forward. Their dedication to the Republican Party and their renowned financial savvy are essential to any successful campaign, and I am so grateful that they have chosen to bring their talents and wisdom to our team.”

It definitely seems that McCain has inherited the Bush donor machine–but his continued support for Bush’s unpopular failure in Iraq will complicate his effort to win the presidency no matter how much money he raises.

Share
Single Page

More from Ken Silverstein:

Commentary November 17, 2015, 6:41 pm

Shaky Foundations

The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.

From the November 2013 issue

Dirty South

The foul legacy of Louisiana oil

Perspective October 23, 2013, 8:00 am

On Brining and Dining

How pro-oil Louisiana politicians have shaped American environmental policy

Get access to 165 years of
Harper’s for only $45.99

United States Canada

CATEGORIES

THE CURRENT ISSUE

September 2016

Tennis Lessons

= Subscribers only.
Sign in here.
Subscribe here.

Tearing Up the Map

= Subscribers only.
Sign in here.
Subscribe here.

Land of Sod

= Subscribers only.
Sign in here.
Subscribe here.

Only an Apocalypse Can Save Us Now

= Subscribers only.
Sign in here.
Subscribe here.

The Watchmen

= Subscribers only.
Sign in here.
Subscribe here.

Acceptable Losses

= Subscribers only.
Sign in here.
Subscribe here.

view Table Content

FEATURED ON HARPERS.ORG

Post
 
Andrew Cockburn on the Saudi slaughter in Yemen, Alan Jacobs on the disappearance of Christian intellectuals, a forum on a post-Obama foreign policy, a story by Alice McDermott, and more
Artwork by Ingo Günther
Article
Land of Sod·

= Subscribers only.
Sign in here.
Subscribe here.

Nobody in academia had ever witnessed or even heard of a performance like this before. In just a few years, in the early 1950s, a University of Pennsylvania graduate student — a student, in his twenties — had taken over an entire field of study, linguistics, and stood it on its head and hardened it from a spongy so-called “social science” into a real science, a hard science, and put his name on it: Noam Chomsky.

At the time, Chomsky was still finishing his doctoral dissertation for Penn, where he had completed his graduate-school course work. But at bedtime and in his heart of hearts he was living in Boston as a junior member of Harvard’s Society of Fellows, and creating a Harvard-level name for himself.

Photograph by Mike Slack
Article
The Watchmen·

= Subscribers only.
Sign in here.
Subscribe here.

Nobody in academia had ever witnessed or even heard of a performance like this before. In just a few years, in the early 1950s, a University of Pennsylvania graduate student — a student, in his twenties — had taken over an entire field of study, linguistics, and stood it on its head and hardened it from a spongy so-called “social science” into a real science, a hard science, and put his name on it: Noam Chomsky.

At the time, Chomsky was still finishing his doctoral dissertation for Penn, where he had completed his graduate-school course work. But at bedtime and in his heart of hearts he was living in Boston as a junior member of Harvard’s Society of Fellows, and creating a Harvard-level name for himself.

Illustration by John Ritter
Article
The Origins of Speech·

= Subscribers only.
Sign in here.
Subscribe here.

"To Chomsky...every child’s language organ could use the 'deep structure,' 'universal grammar,' and 'language acquisition device' he was born with to express what he had to say, no matter whether it came out of his mouth in English or Urdu or Nagamese."
Illustration (detail) by Darrel Rees. Source photograph © Miroslav Dakov/Alamy Live News
Article
Acceptable Losses·

= Subscribers only.
Sign in here.
Subscribe here.

Nobody in academia had ever witnessed or even heard of a performance like this before. In just a few years, in the early 1950s, a University of Pennsylvania graduate student — a student, in his twenties — had taken over an entire field of study, linguistics, and stood it on its head and hardened it from a spongy so-called “social science” into a real science, a hard science, and put his name on it: Noam Chomsky.

At the time, Chomsky was still finishing his doctoral dissertation for Penn, where he had completed his graduate-school course work. But at bedtime and in his heart of hearts he was living in Boston as a junior member of Harvard’s Society of Fellows, and creating a Harvard-level name for himself.

Photograph by Alex Potter

Chances that college students select as “most desirable‚” the same face chosen by the chickens:

49 in 50

Most of the United States’ 36,000 yearly bunk-bed injuries involve male victims.

In Italy, a legislator called for parents who feed their children vegan diets to be sentenced to up to six years in prison, and in Sweden, a woman attempted to vindicate her theft of six pairs of underwear by claiming she had severe diarrhea.

Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!

HARPER’S FINEST

Mississippi Drift

By

Matt was happy enough to sustain himself on the detritus of a world he saw as careening toward self-destruction, and equally happy to scam a government he despised. 'I’m glad everyone’s so wasteful,' he told me. 'It supports my lifestyle.'

Subscribe Today